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Leadership and 'street smarts'
Horace M. Lukens III recently retired as vice president of Jesse F. Stock Insurance, IN., in Evansville. He is an adjunct instructor in finance for the University of Southern Indiana College of Business. In a delightful book titled "Robert's Rules of Disorder -- A Guide to Mismanagement," author Robert Maidment makes this statement: "Many people have a tendency to revere the new. What they fail to realize is that the new is always made up of the old." Herein lies the crux of the dilemma for the small business owner. In exercising leadership in the small business, what does the owner keep from the "old" and embrace of the "new"? The key to successful leadership is what I call "street smarts." Some would call it "walking around sense." Many years ago, I had the opportunity to visit with the late Daniel F. Caldemeyer, president of National Furniture Manufacturing Co. here in Evansville, one of the many successful enterprises during the heyday of furniture manufacturing in this city. I asked him for the key to his successful operation of his business. He replied: "Each day I go into the plant to talk with the folks on the line. They tell me what is really going on in my business. From them, I get the direction that I need to take to keep my business profitable." This incident is what I mean by "street smarts." How does a small-business owner develop "street smarts" or "walking around sense"? Here are some ideas developed over my years of leadership in a small business:
Leadership means encouragement to others. As Maidment puts it in the book quoted in my first paragraph: "There are three ways to reach the top of an oak tree -- (1) climb it, (2) sit on an acorn or (3) make friends with a very big bird.
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